Spot FX Day Trader's Thread

The major trend line was ignored on the EU. Looks like more weakness to follow.

The only major trendline I see in EU is drawn from the weeklies and we haven't made it there yet.. It's at 1.287 this week

The EJ trend line was tested but it seems to have held..

feck me Nomadic, next time I look at your charts I'm donning a pair of Serengetis first!

It looks like an explosion in a fireworks factory..

ouch.. stopped out in EU.. still alive in EJ..

Soon the brave must emerge with a long euro trade! Those dailyfx dudes are calling for long from 12890

I'm long EU 1.289 s/l -15

I'm short UC 1.0295 s/l -45 also

Yea, but did you noticed you can always buy at lower price than they entered. Also they are 2000 pips down with two leveraged trades without stops! Stupid!
I think maybe we'll have a false break to take some stops. Will try to buy 1.285, and eur/gbp 8525 stop below 8500

Wow.. the carnage just won't stop. Big TL breaks all over the place. There's got to be a long EU trade in here somewhere.. Would be a shame to miss it, but this is getting expensive.

one more time at 1.2805 with a 15 pip stop here we go

finally... I think I landed a long

sure did.. banking 100 to make up for 100 pips lost yesterday..

Nice trade Pipp, I was off getting a Thai massage and missed that entry!

long GJ 142.05 s/l -50

grrr... dammit!

ok, long EJ 120 .. s/l -50 ..

Long EU 1.2808 -15 pip stop

I'm long 12810 with 20 pip stop

nice... there are obviously buyers there at 1.28 ..

It happens every week.. Euro completely tanks due to the speculative disaster du jour and then promptly squeezes 350 pips or so.. I'm fine with losing 15 pips going long, but I'm not ok with being suckered by yet another obnoxious short squeeze.. Anyway, the risk/reward from this point is amazing.

DAMN!! It looks like a huge EU sell order just went through.. somebody wants to run stops.. I wonder if it will reverse? I'm not getting back in until much lower..